Bitcoin in the news today, people can't get their cash out apparently.cant say I'm surprised.
Bitcoin in the news today, people can't get their cash out apparently.cant say I'm surprised.
That’s nothing to do with Bitcoin though, that’s down to the platform they chose to trade onOriginally Posted by meridian
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Pyramid selling- nice new bricks- same old punters.
Have you done any research or just decided it's a pyramid because everyone involved has made a lot of money?
It’s not a pyramid, as every investor has the same opportunity to experience the same growth or loss. This is not true in a pyramid.
If he had have used the Tulip bubble, then time will tell.
It's just a matter of time...
Anyone with a trezor fancy selling me 0.00089249 my OCD is killing. Obviously i will pay the cost plus fees but im this amount from 5.
Am looking at a 6 point grumblefuttock from low point but seems to be .06 down from the multi grade at the moment, anyone got any upbeat on crinklespread bolsters? mine have spent out to 11sec on the ulterior minimum time scale so need to bear down.
Thanks again guys, appreciate you answering these newbie questions!
So at the moment I have X amount in Coinbase, Am I best transfering them to somewhere like Binance, GADX etc and trade through there.
Also in terms of the hardware wallet for long term investments such as Litecoin would I be best transferring to the hardware wallet and leaving there for future use?
If for example I wanted to cash out my lite coin how would I actually do this as the Coinbase reviews are terrible with people waiting months and getting no reply/money from Litecoin!
As the value and volatility continue to rise, does Bitcoin become less of a currency and more a pure investment? Just read this statement from Steam who have stopped accepting Bitcoin payments....
http://store.steampowered.com/news/?feed=steam_blog
As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.
In the past few months we've seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network. For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled Bitcoin). Unfortunately, Valve has no control over the amount of the fee. These fees result in unreasonably high costs for purchasing games when paying with Bitcoin. The high transaction fees cause even greater problems when the value of Bitcoin itself drops dramatically.
Historically, the value of Bitcoin has been volatile, but the degree of volatility has become extreme in the last few months, losing as much as 25% in value over a period of days. This creates a problem for customers trying to purchase games with Bitcoin. When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network. The value of Bitcoin is only guaranteed for a certain period of time so if the transaction doesn’t complete within that window of time, then the amount of Bitcoin needed to cover the transaction can change. The amount it can change has been increasing recently to a point where it can be significantly different.
The normal resolution for this is to either refund the original payment to the user, or ask the user to transfer additional funds to cover the remaining balance. In both these cases, the user is hit with the Bitcoin network transaction fee again. This year, we’ve seen increasing number of customers get into this state. With the transaction fee being so high right now, it is not feasible to refund or ask the customer to transfer the missing balance (which itself runs the risk of underpayment again, depending on how much the value of Bitcoin changes while the Bitcoin network processes the additional transfer).
At this point, it has become untenable to support Bitcoin as a payment option. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date.
We will continue working to resolve any pending issues for customers who are impacted by existing underpayments or transaction fees.
Anyone still asleep at the back? Wakey Wakey.
It's being dealt with.
https://www.coindesk.com/lightning-l...-almost-ready/
I think what everyone needs to realise that it is on a journey.
I don’t know enough about it. Do you believe that Bitcoin needs to be widely accepted and easy to transact with in order to maintain its value or will it continue to exist just fine as a relatively niche currency?
A lot of bitcoins, seventy million dollars worth, just "stolen" in a hack...
http://money.cnn.com/2017/12/07/tech...ing/index.html
So clever my foot fell off.
Can you not just buy it via one of the exchanges? I hear you re the OCD...
But then he wouldn't be able to accidentally let sliphow much he has got.
Cheers,
Neil.
I don't really understand it but it sounds like one of the surest ways to lose a lot of money that I've ever heard of
Yep check out parabolic chart rises and all will be revealed! But of course its different this time...
M4tt did you have a problem on Cryptokitties when buying, earlier on today when trying to buy it seems to be working OK however now my funds are in Metamask all I am getting is 'already sold, find another' type message on everyone!
Exactly a year on (& >1300 posts later) my opinion hasn't changed.
Last edited by trident-7; 8th December 2018 at 14:56.
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